A particular slot machine in a casino has payouts set so that the probability of winning money in one play of the slot machine is 29%. Each game on the slot machine is is independent of all other games played out on that machine. If a player chooses to play four games in a row on this machine, what is the probability that he or she will win money on every one of four games?
Contingency Table
A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.
Binomial Distribution
Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.
A particular slot machine in a casino has payouts set so that the probability of winning money in one play of the slot machine is 29%. Each game on the slot machine is is independent of all other games played out on that machine. If a player chooses to play four games in a row on this machine, what is the probability that he or she will win money on every one of four games?
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